Worksheet for statement of cash flows : It represents all the debits, credits, and adjustments pertaining to cash flow made during that financial year. To Prepare: To prepare a worksheet in good form for the statement of cash flows. Given Information: Comparative balance sheet for SW Corporation. Particulars 2017 ($) 2016 ($) Cash 16,500 21,000 Short-term investments 25,000 19,000 Accounts receivable 43,000 45,000 Allowance for doubtful accounts (1,800) (2,000) Prepaid expenses 4,200 2,500 Inventory 81,500 65,000 Land 50,000 50,000 Buildings 125,000 73,500 Accumulated depreciation —buildings (30,000) (23,000) Equipment 53,000 46,000 Accumulated depreciation—equipment (19,000) (15,500) Delivery equipment 39,000 39,000 Accumulated depreciation—delivery equipment (22,000) (20,500) Patents 15,000 0 379,400 300,000 Accounts payable 26,000 16,000 Short-term notes payable (trade) 4,000 6,000 Accrued payables 3,000 4,600 Mortgage payable 73,000 53,400 Bonds payable 50,000 62,500 Capital stock 140,000 102,000 Paid-in capital in excess of par 10,000 4,000 Retained earnings 73,400 51,500 379,400 300,000

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Answer 1

Question

Chapter 23, Problem 21E

To determine

Worksheet for statement of cash flows: It represents all the debits, credits, and adjustments pertaining to cash flow made during that financial year.

To Prepare: To prepare a worksheet in good form for the statement of cash flows.

Given Information: Comparative balance sheet for SW Corporation.

Particulars

2017 ($)

2016 ($)

Cash

16,500

21,000

Short-term investments

25,000

19,000

Accounts receivable

43,000

45,000

Allowance for doubtful accounts

(1,800)

(2,000)

Prepaid expenses

4,200

2,500

Inventory

81,500

65,000

Land

50,000

50,000

Buildings

125,000

73,500

Accumulated depreciation—buildings

(30,000)

(23,000)

Equipment

53,000

46,000

Accumulated depreciation—equipment

(19,000)

(15,500)

Delivery equipment

39,000

39,000

Accumulated depreciation—delivery equipment

(22,000)

(20,500)

Patents

15,000

0

379,400

300,000

Accounts payable

26,000

16,000

Short-term notes payable (trade)

4,000

6,000

Accrued payables

3,000

4,600

Mortgage payable

73,000

53,400

Bonds payable

50,000

62,500

Capital stock

140,000

102,000

Paid-in capital in excess of par

10,000

4,000

Retained earnings

73,400

51,500

379,400

300,000

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Answer 2

Question

Chapter 23, Problem 21E

To determine

Worksheet for statement of cash flows: It represents all the debits, credits, and adjustments pertaining to cash flow made during that financial year.

To Prepare: To prepare a worksheet in good form for the statement of cash flows.

Given Information: Comparative balance sheet for SW Corporation.

Particulars

2017 ($)

2016 ($)

Cash

16,500

21,000

Short-term investments

25,000

19,000

Accounts receivable

43,000

45,000

Allowance for doubtful accounts

(1,800)

(2,000)

Prepaid expenses

4,200

2,500

Inventory

81,500

65,000

Land

50,000

50,000

Buildings

125,000

73,500

Accumulated depreciation—buildings

(30,000)

(23,000)

Equipment

53,000

46,000

Accumulated depreciation—equipment

(19,000)

(15,500)

Delivery equipment

39,000

39,000

Accumulated depreciation—delivery equipment

(22,000)

(20,500)

Patents

15,000

0

379,400

300,000

Accounts payable

26,000

16,000

Short-term notes payable (trade)

4,000

6,000

Accrued payables

3,000

4,600

Mortgage payable

73,000

53,400

Bonds payable

50,000

62,500

Capital stock

140,000

102,000

Paid-in capital in excess of par

10,000

4,000

Retained earnings

73,400

51,500

379,400

300,000

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Answer 3

Question

Chapter 23, Problem 21E

To determine

Worksheet for statement of cash flows: It represents all the debits, credits, and adjustments pertaining to cash flow made during that financial year.

To Prepare: To prepare a worksheet in good form for the statement of cash flows.

Given Information: Comparative balance sheet for SW Corporation.

Particulars

2017 ($)

2016 ($)

Cash

16,500

21,000

Short-term investments

25,000

19,000

Accounts receivable

43,000

45,000

Allowance for doubtful accounts

(1,800)

(2,000)

Prepaid expenses

4,200

2,500

Inventory

81,500

65,000

Land

50,000

50,000

Buildings

125,000

73,500

Accumulated depreciation—buildings

(30,000)

(23,000)

Equipment

53,000

46,000

Accumulated depreciation—equipment

(19,000)

(15,500)

Delivery equipment

39,000

39,000

Accumulated depreciation—delivery equipment

(22,000)

(20,500)

Patents

15,000

0

379,400

300,000

Accounts payable

26,000

16,000

Short-term notes payable (trade)

4,000

6,000

Accrued payables

3,000

4,600

Mortgage payable

73,000

53,400

Bonds payable

50,000

62,500

Capital stock

140,000

102,000

Paid-in capital in excess of par

10,000

4,000

Retained earnings

73,400

51,500

379,400

300,000

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Answer 4

Question

Chapter 23, Problem 21E

To determine

Worksheet for statement of cash flows: It represents all the debits, credits, and adjustments pertaining to cash flow made during that financial year.

To Prepare: To prepare a worksheet in good form for the statement of cash flows.

Given Information: Comparative balance sheet for SW Corporation.

Particulars

2017 ($)

2016 ($)

Cash

16,500

21,000

Short-term investments

25,000

19,000

Accounts receivable

43,000

45,000

Allowance for doubtful accounts

(1,800)

(2,000)

Prepaid expenses

4,200

2,500

Inventory

81,500

65,000

Land

50,000

50,000

Buildings

125,000

73,500

Accumulated depreciation—buildings

(30,000)

(23,000)

Equipment

53,000

46,000

Accumulated depreciation—equipment

(19,000)

(15,500)

Delivery equipment

39,000

39,000

Accumulated depreciation—delivery equipment

(22,000)

(20,500)

Patents

15,000

0

379,400

300,000

Accounts payable

26,000

16,000

Short-term notes payable (trade)

4,000

6,000

Accrued payables

3,000

4,600

Mortgage payable

73,000

53,400

Bonds payable

50,000

62,500

Capital stock

140,000

102,000

Paid-in capital in excess of par

10,000

4,000

Retained earnings

73,400

51,500

379,400

300,000

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Answer 5

Chapter 23, Problem 21E

To determine

Worksheet for statement of cash flows: It represents all the debits, credits, and adjustments pertaining to cash flow made during that financial year.

To Prepare: To prepare a worksheet in good form for the statement of cash flows.

Given Information: Comparative balance sheet for SW Corporation.

Particulars

2017 ($)

2016 ($)

Cash

16,500

21,000

Short-term investments

25,000

19,000

Accounts receivable

43,000

45,000

Allowance for doubtful accounts

(1,800)

(2,000)

Prepaid expenses

4,200

2,500

Inventory

81,500

65,000

Land

50,000

50,000

Buildings

125,000

73,500

Accumulated depreciation—buildings

(30,000)

(23,000)

Equipment

53,000

46,000

Accumulated depreciation—equipment

(19,000)

(15,500)

Delivery equipment

39,000

39,000

Accumulated depreciation—delivery equipment

(22,000)

(20,500)

Patents

15,000

0

379,400

300,000

Accounts payable

26,000

16,000

Short-term notes payable (trade)

4,000

6,000

Accrued payables

3,000

4,600

Mortgage payable

73,000

53,400

Bonds payable

50,000

62,500

Capital stock

140,000

102,000

Paid-in capital in excess of par

10,000

4,000

Retained earnings

73,400

51,500

379,400

300,000

Answer 6

Chapter 23, Problem 21E

To determine

Worksheet for statement of cash flows: It represents all the debits, credits, and adjustments pertaining to cash flow made during that financial year.

To Prepare: To prepare a worksheet in good form for the statement of cash flows.

Given Information: Comparative balance sheet for SW Corporation.

Particulars

2017 ($)

2016 ($)

Cash

16,500

21,000

Short-term investments

25,000

19,000

Accounts receivable

43,000

45,000

Allowance for doubtful accounts

(1,800)

(2,000)

Prepaid expenses

4,200

2,500

Inventory

81,500

65,000

Land

50,000

50,000

Buildings

125,000

73,500

Accumulated depreciation—buildings

(30,000)

(23,000)

Equipment

53,000

46,000

Accumulated depreciation—equipment

(19,000)

(15,500)

Delivery equipment

39,000

39,000

Accumulated depreciation—delivery equipment

(22,000)

(20,500)

Patents

15,000

0

379,400

300,000

Accounts payable

26,000

16,000

Short-term notes payable (trade)

4,000

6,000

Accrued payables

3,000

4,600

Mortgage payable

73,000

53,400

Bonds payable

50,000

62,500

Capital stock

140,000

102,000

Paid-in capital in excess of par

10,000

4,000

Retained earnings

73,400

51,500

379,400

300,000

Answer 7

Chapter 23, Problem 21E

To determine

Worksheet for statement of cash flows: It represents all the debits, credits, and adjustments pertaining to cash flow made during that financial year.

To Prepare: To prepare a worksheet in good form for the statement of cash flows.

Given Information: Comparative balance sheet for SW Corporation.

Particulars

2017 ($)

2016 ($)

Cash

16,500

21,000

Short-term investments

25,000

19,000

Accounts receivable

43,000

45,000

Allowance for doubtful accounts

(1,800)

(2,000)

Prepaid expenses

4,200

2,500

Inventory

81,500

65,000

Land

50,000

50,000

Buildings

125,000

73,500

Accumulated depreciation—buildings

(30,000)

(23,000)

Equipment

53,000

46,000

Accumulated depreciation—equipment

(19,000)

(15,500)

Delivery equipment

39,000

39,000

Accumulated depreciation—delivery equipment

(22,000)

(20,500)

Patents

15,000

0

379,400

300,000

Accounts payable

26,000

16,000

Short-term notes payable (trade)

4,000

6,000

Accrued payables

3,000

4,600

Mortgage payable

73,000

53,400

Bonds payable

50,000

62,500

Capital stock

140,000

102,000

Paid-in capital in excess of par

10,000

4,000

Retained earnings

73,400

51,500

379,400

300,000

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 23 - Prob. 1Q Ch. 23 - Prob. 2Q Ch. 23 - Prob. 3Q Ch. 23 - Prob. 4Q Ch. 23 - Prob. 5Q Ch. 23 - Prob. 6Q Ch. 23 - Prob. 7Q Ch. 23 - Prob. 8Q Ch. 23 - Prob. 9Q Ch. 23 - Prob. 10Q

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Chapter 23 Solutions

Particulars	2017 ($)	2016 ($)
Cash	16,500	21,000
Short-term investments	25,000	19,000
Accounts receivable	43,000	45,000
Allowance for doubtful accounts	(1,800)	(2,000)
Prepaid expenses	4,200	2,500
Inventory	81,500	65,000
Land	50,000	50,000
Buildings	125,000	73,500
Accumulated depreciation—buildings	(30,000)	(23,000)
Equipment	53,000	46,000
Accumulated depreciation—equipment	(19,000)	(15,500)
Delivery equipment	39,000	39,000
Accumulated depreciation—delivery equipment	(22,000)	(20,500)
Patents	15,000	0
	379,400	300,000

Accounts payable	26,000	16,000
Short-term notes payable (trade)	4,000	6,000
Accrued payables	3,000	4,600
Mortgage payable	73,000	53,400
Bonds payable	50,000	62,500
Capital stock	140,000	102,000
Paid-in capital in excess of par	10,000	4,000
Retained earnings	73,400	51,500
	379,400	300,000